Consumer Inertia and Dynamic Price Competition
The aim of this research is to study firms’ decisions about price and quality in a setting where consumers cannot fully evaluate products and must rely on anecdotal evidence to make choices. Additionally, consumers exhibit inertia, or an overattachment to past purchases, in their decision making. To...
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| Format: | Article |
| Language: | English |
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Collegium of Economic Analysis, SGH Warsaw School of Economics
2024-12-01
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| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
| Subjects: | |
| Online Access: | https://gnpje.sgh.waw.pl/Consumer-Inertia-and-Dynamic-Price-Competition,190910,0,2.html |